Altcoin Apocalypse: XRP to the Rescue?

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🚀💸 “Altcoin Apocalypse: XRP to the Rescue?”

Altcoin Apocalypse: XRP to the Rescue?

Well, well, well, it seems the digital asset party has finally come to an end… or has it? 🎉 Investors, in their infinite wisdom, decided to pull out a whopping $508 million from digital asset investment products last week. Because, you know, who needs a 18-week streak of inflows totaling $29 billion when you can have a good old-fashioned panic? 😂

And, as if that wasn’t enough, trading activity took a nosedive, with turnover plummeting from $22 billion to $13 billion over the past two weeks. It’s like the whole market was playing a game of musical chairs, and when the music stopped, everyone was left standing… and wondering what just happened. 🤔

Investors Flock to XRP (Because Who Needs Bitcoin, Anyway?)

Meanwhile, Bitcoin was left to pick up the pieces, with outflows of $571 million. But hey, who needs the king of cryptocurrencies when you have XRP, right? 🤷‍♂️ XRP, the altcoin that’s been making waves lately, topped the list with $38.3 million in inflows last week. And since mid-November 2025, it’s drawn a whopping $819 million. Not bad for a cryptocurrency that’s been stuck in a never-ending battle with the US SEC. 🤯

And speaking of the US SEC, it seems they’re getting a little busy with all the spot XRP ETF applications pouring in. Several financial firms, including Canary Capital, WisdomTree, Bitwise, CoinShares, and 21Shares, have submitted filings over the past few weeks. Because, you know, who doesn’t want a piece of the XRP action? 🤑

The Rest of the Altcoin Crew

But XRP wasn’t the only altcoin getting some love. Solana followed suit with $8.9 million, while Ethereum and Sui raked in $3.7 million and $1.47 million, respectively. And because who doesn’t love a good multi-asset product, those saw $3.1 million in inflows. Litecoin and Cardano, on the other hand, were left with modest inflows of $1.1 million and $0.1 million. Better luck next time, guys! 😊

$560M Exits US Markets (But Europe‘s Got This)

The United States, being the trendsetter that it is, dominated regional flows with significant outflows totaling $560 million. Because, you know, who needs to invest in the US when you can invest in, say, Europe? 🤷‍♂️ Germany and Switzerland received $30.5 million and $15.8 million, respectively, while Sweden and Australia attracted close to $5 million in inflows. It’s like the whole of Europe was saying, “Hey, US, you can keep your outflows. We’ll take the inflows, thank you very much!” 😂

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2025-02-25 07:42